The Federal Housing Administration issued FHA Info #18-44 announcing that the FHA Connection system will automate its Application Coordinator User Identification (ID) assignment process beginning on November 9, … more FHA Automates User ID Assignment Process for Mortgagees and Roster Appraisers
HUD
HUD Announces Reverse Mortgage Loan Sales
The Department of Housing and Urban Development published a notice in the Federal Register announcing its intention to competitively offer multiple pools consisting of approximately 1,150 reverse mortgage … more HUD Announces Reverse Mortgage Loan Sales
HUD Announces Disaster Assistance for Florida Storm Victims
The U.S. Housing and Urban Development declared an automatic 90-day moratorium on foreclosures of Federal Housing Administration (FHA)-insured home mortgages in the State of Florida to support families forced from … more HUD Announces Disaster Assistance for Florida Storm Victims
HUD Awards $47 Million In Housing Counseling Grants
The U.S. Department of Housing and Urban Development this week awarded $47 million in housing counseling grants to non-profit counseling agencies across the country that will be used … more HUD Awards $47 Million In Housing Counseling Grants
Member Alert: Message from NRMLA Co-ChairsMembers Only
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New FHA Guidance Will Require Second Appraisal On Some HECMs
As part of its ongoing efforts to reduce risks to the Mutual Mortgage Insurance Fund (MMIF) and protect the health of the Home Equity Conversion Mortgage program, the … more New FHA Guidance Will Require Second Appraisal On Some HECMs
FHA Reminds Mortgagees on Treatment of Loans in Major Disaster Areas
As Hurricane Florence advanced on the Carolinas last week, the Federal Housing Administration issued a reminder to mortgagees about its guidance for originating and/or servicing FHA-insured forward and … more FHA Reminds Mortgagees on Treatment of Loans in Major Disaster Areas
FHA Extends Foreclosure Moratorium to HECM Borrowers in Puerto Rico and U.S. Virgin Islands
Due to the extensive damage caused by Hurricane Maria in Puerto Rico and the U.S. Virgin Islands, the Department of Housing and Urban Development (HUD) published FHA Info #18-37 which … more FHA Extends Foreclosure Moratorium to HECM Borrowers in Puerto Rico and U.S. Virgin Islands
Key HECM Regulations and Resource Materials
The following section lists the primary regulations pertaining to the FHA’s Home Equity Conversion Mortgage Program, used by compliance, underwriting and servicing staff.
FHA to Reduce False Claims Act Use in FHA Lending
By Weiner Brodsky Kider PC Multiple sources have reported that FHA Commissioner Brian Montgomery recently stated that the Trump administration wants to curtail the use of the False … more FHA to Reduce False Claims Act Use in FHA Lending